Karpas Strategies LLC Reduces Position in McDonald's Co. (MCD)

Karpas Strategies LLC trimmed its holdings in shares of McDonald's Co. (NYSE:MCD) by 17.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,500 shares of the fast-food giant’s stock after selling 750 shares during the period. Karpas Strategies LLC’s holdings in McDonald's were worth $602,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in MCD. Vantage Financial Partners Ltd. Inc. acquired a new stake in shares of McDonald's during the 2nd quarter worth approximately $322,000. Horan Capital Advisors LLC. acquired a new stake in shares of McDonald's during the 3rd quarter worth approximately $104,000. Phocas Financial Corp. acquired a new stake in McDonald's in the 2nd quarter valued at $107,000. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its stake in McDonald's by 219.2% in the 3rd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 830 shares of the fast-food giant’s stock valued at $130,000 after buying an additional 570 shares in the last quarter. Finally, Howe & Rusling Inc. boosted its stake in McDonald's by 75.0% in the 3rd quarter. Howe & Rusling Inc. now owns 840 shares of the fast-food giant’s stock valued at $132,000 after buying an additional 360 shares in the last quarter. 68.59% of the stock is currently owned by hedge funds and other institutional investors.

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In other McDonald's news, insider Douglas M. Goare sold 34,575 shares of the company’s stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $173.53, for a total transaction of $5,999,799.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Catherine A. Hoovel sold 1,398 shares of the stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $170.54, for a total transaction of $238,414.92. Following the sale, the vice president now owns 1,398 shares of the company’s stock, valued at $238,414.92. The disclosure for this sale can be found here. 0.24% of the stock is currently owned by insiders.

MCD has been the topic of a number of recent analyst reports. ValuEngine lowered McDonald's from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Jefferies Group upgraded McDonald's from a “hold” rating to a “buy” rating and boosted their target price for the stock from $150.00 to $200.00 in a research report on Tuesday, December 5th. Barclays set a $193.00 price objective on McDonald's and gave the company a “buy” rating in a report on Friday, December 8th. Goldman Sachs Group set a $180.00 price objective on McDonald's and gave the company a “buy” rating in a report on Tuesday, December 12th. Finally, Piper Jaffray Companies boosted their target price on McDonald's from $175.00 to $185.00 and gave the company an “overweight” rating in a research note on Thursday, December 14th. Nine investment analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company’s stock. McDonald's currently has an average rating of “Buy” and an average target price of $183.02.

Shares of McDonald's Co. (NYSE:MCD) traded up $0.02 during mid-day trading on Wednesday, reaching $158.24. 3,849,088 shares of the company’s stock were exchanged, compared to its average volume of 4,814,134. The company has a debt-to-equity ratio of -9.04, a current ratio of 1.84 and a quick ratio of 1.82. McDonald's Co. has a 1-year low of $127.47 and a 1-year high of $178.70. The company has a market cap of $125,560.00, a PE ratio of 21.86, a price-to-earnings-growth ratio of 2.37 and a beta of 0.65.

McDonald's (NYSE:MCD) last released its quarterly earnings results on Tuesday, January 30th. The fast-food giant reported $1.71 earnings per share for the quarter, topping the consensus estimate of $1.59 by $0.12. The firm had revenue of $5.34 billion for the quarter, compared to analysts’ expectations of $5.22 billion. McDonald's had a net margin of 22.75% and a negative return on equity of 201.76%. The business’s quarterly revenue was down 11.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.44 earnings per share. analysts forecast that McDonald's Co. will post 7.63 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, March 1st will be given a $1.01 dividend. The ex-dividend date is Wednesday, February 28th. This represents a $4.04 annualized dividend and a yield of 2.55%. McDonald's’s dividend payout ratio (DPR) is presently 55.88%.

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McDonald's Company Profile

McDonald’s Corporation (McDonald’s) operates and franchises McDonald’s restaurants. The Company’s restaurants serve a locally relevant menu of food and drinks sold at various price points in over 100 countries. The Company’s segments include U.S., International Lead Markets, High Growth Markets, and Foundational Markets and Corporate.